Azarga Metals Corp. is pleased to announce that Baker Steel Resources Trust Ltd. has funded the second and final tranche of US$2 million pursuant to the Investment Transaction announced on 10 April 2019. The funds from BSRT will be used to fund the ongoing exploration program on the Unkur Copper-Silver Project in Eastern Russia. Magnetic and [...]
Azarga Metals Corp. reports that a geophysical survey and other field work at the Unkur Copper-Silver Project in Eastern Russia have commenced following a recent visit to the property earlier this month by Michael Hopley and Dr. Alexander Yakubchuk . Michael Hopley, President and CEO of Azarga Metals comments: “The mineralization at Unkur seen in [...]
Azarga Metals Corp. has, subject to regulatory approval, retained Independent Trading Group Inc. to provide market-making service and to provide assistance in maintaining an orderly trading market for the common shares of the Company with effect from July 1, 2019. The market-making service will be undertaken by ITG, a registered broker in [...]
AZARGA METALS CORP. reports that it has received a series of reprocessed ground magnetic survey maps generated by an independent geophysical contractor that show a northern extension of the previously recognized strong magnetic anomalies in the north-west part of its Unkur Copper-Silver Project. These new maps, covering approximately 11 square [...]
AZARGA METALS CORP. reports the directors of Azarga Metals Corp. granted a total of 3,420,000 incentive stock options of the capital stock of the Company to directors, officers, employees and consultants exercisable for up to a five year period at an exercise price of $0.09, being the closing share price on May 23, 2019, pursuant to [...]
AZARGA METALS CORP. following the Company's annual and general shareholder meeting held May 14, 2019 the Company is pleased to announce the appointment of Michael Hopley as the Company's President and Chief Executive Officer and the appointment of Dr. Alexander Yakubchuk as the Company's Vice President, Exploration. Chairman, Alex Molyneux [...]
AZARGA METALS CORP. is pleased to announce that the Company has drawn and Baker Steel Resources Trust Ltd. has funded the first tranche of US$1 million pursuant to the Investment Transaction announced on 10 April 2019. As previously reported the second advance of US$2 million is drawable by the Company in four to six months time, provided however [...]
AZARGA METALS CORP. is pleased to announce that Baker Steel Resources Trust Ltd. and the Company have executed a Secured Convertible Loan Facility Agreement , to consummate the terms of the binding terms sheet announced on 14 February 2019 and 29 March 2019. The final investment size was agreed as US$3 million , with the first US$1 million expected [...]
AZARGA METALS CORP. reports that it has today accepted the resignation of Dorian L. Nicol with immediate effect. The Company continues to work towards closing the previously announced investment by Baker Steel Capital Managers LLP acting on behalf of its discretionary client funds, principally Baker Steel Resources Trust Ltd., and as we continue to [...]
AZARGA METALS CORP. makes this announcement regarding the proposed Convertible Loan transaction governed by the Binding Terms Sheet with Baker Steel Capital Managers LLP acting on behalf of its discretionary client funds, principally Baker Steel Resources Trust Ltd. as announced by the Company on 14 February 2019 . BSCM has substantially completed [...]
HIGHLIGHTS: Internationally renowned specialist natural resources investment management firm, Baker Steel Capital Managers LLP has agreed to invest US$3.0-3.5M of client funds into Azarga Metals via a convertible loan, convertible at C$0.14/share US$3.0M of the overall investment to come from BSCM managed fund, Baker Steel Resources Trust Ltd [...]
HIGHLIGHTS: Positive PEA result achieved based only on 2018 Mineral Resource as an 'initial option' with significant growth potential Open-pit mine with annual production rate of 2 million tonnes of mill feed per year and conventional processing circuit to produce a very high-grade copper and silver concentrate Average of 13,217 tonnes of copper [...]
